Saturday, 20 September 2014

A bullish weekly candle

Perhaps most notable this week was the weekly candle itself - of the bullish engulfing type, having broken last weeks low of sp'1980, but closing above the high. There looks to be easy upside to 2020/25... and then the 2030s by end month.



A green candle for the week, and it certainly reinforces the notion that the bullish uptrend has fully reasserted itself.

There is little reason why we won't make a hit of the upper bollinger band, that is currently in the mid 2030s..and rising. By early October... it'll be in the 2050s.

Goodnight from London
*the weekend post will be on the US weekly indexes